Question 1

Pip Value Calculator

Accepted Answer

Calculate the monetary value of a single pip for any currency pair. | Input | Description | |-------|-------------| | Currency Pair | e.g., EUR/USD | | Account Currency | Your base currency | | Lot Size | Standard (1.0), mini (0.1), micro (0.01) | | Exchange Rate | Current rate | **Outputs:** Value of 1 pip, 10 pips, 50 pips, and 100 pips in your account currency.

Question 2

Lot Size Calculator

Accepted Answer

Determine the correct lot size based on your risk parameters. | Input | Description | |-------|-------------| | Account Balance | Total account value | | Risk % | Risk per trade | | Stop Loss (pips) | Distance to stop in pips | | Pip Value | From Pip Value calculator | **Outputs:** Standard lots, mini lots, micro lots, units, and risk amount in account currency. > **Tip:** Use this calculator together with Pip Value for precise forex position sizing.

Question 3

Swap Calculator

Accepted Answer

Estimate overnight swap/rollover costs for holding forex positions. | Input | Description | |-------|-------------| | Lot Size | Position size in lots | | Swap Long/Short | Broker's swap rates | | Direction | Long or Short | | Nights | Number of nights held | **Outputs:** Daily swap cost, total swap cost, triple Wednesday surcharge, weekly swap total. Most brokers charge triple swap on Wednesdays to account for the weekend.

Question 4

Profit Target Calculator

Accepted Answer

Calculate how many pips you need to reach a specific profit target. | Input | Description | |-------|-------------| | Target Profit | USD amount | | Lot Size | Position size | | Pip Value | Per-pip value | | Direction | Long or Short | | Entry Price | Current or planned entry | **Outputs:** Pips needed, target price, price distance from entry.

Question 5

FAQ

Accepted Answer

**Q: What is a pip?** A: A pip (Percentage in Point) is the smallest standard price increment. For most pairs, it's the 4th decimal (0.0001). For JPY pairs, it's the 2nd decimal (0.01). **Q: Are swap rates the same across all brokers?** A: No — swap rates vary by broker and are updated frequently. Check your broker's current rates before calculating.

Question 6